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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Bullboard Posts
Post by rahaon Mar 24, 2007 1:37pm
193 Views
Post# 12482491

Curious+Question

Curious+QuestionThe Louise Lake property is obviously a valuable asset for NAG. I am led to believe that their present drilling has been successful beyond their expectations re-visuals.If that is the case,they are adding substantial reserves to their inventory,consequently they have raised additional funds in order to keep those drills humming. There is no doubt further dilution but methinks that they are deliniating a major orebody here and that takes financial resources.I feel that this stock is undervalued based on the potential of the Lake Louise property, let alone the uranium properties in their fold.My gut feeling is that if they manage to outline 300,000,000 tons at LL (43-100 compliant)this will definitely be a takeover target between $2.00-$4.00. Does anyone agree with my assumption?
Bullboard Posts